Category Archives: Economy

ROSS GITTINS. Confessions of a pet shop galah: a lot of reform backfired (SMH 11.11.2019)

As someone who, back in the day, did his share of being one of Paul Keating’s pet shop galahs – screeching “more micro reform!” every time they saw a pollie – I don’t cease to be embarrassed by the many … Continue reading

Posted in Economy, Politics | 6 Comments

JOHN KERIN: The Latest Commonwealth Government Drought Package.

The latest ad hoc response to the current drought cannot be criticised in terms of the politics of the situation we are now in. If it rains in, say, by March, or in the first six months of 2020, then … Continue reading

Posted in Economy, Environment and climate | Leave a comment

LIN CRASE. Australia’s drought relief package hits the political spot but misses the bigger point (The Conversation 7-11-19)

There are two basic components to the Morrison government’s latest A$1 billion package response to the drought affecting large parts eastern Australia. One part involves extra subsidies to farmers and farm-related business. The other involves measures to create or upgrade … Continue reading

Posted in Economy, Environment and climate | Leave a comment

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | 6 Comments

IAN McAULEY. Reclaiming the ideas of economics: Debt and deficits

An obsession with “balanced budgets”, promoted by successive Coalition governments, is having serious economic consequences.

Posted in Economy | 6 Comments

GEOFF DAVIES. A central dysfunction: house price inflation, stagnant economy

The problem with the housing bubble is not a shortage of housing, the problem is an excess of money. The solution is to restrict the amounts banks can loan. The solution is a credit squeeze. But it would have to … Continue reading

Posted in Economy | 5 Comments

HAL PAWSON. The First Home Loan Deposit Scheme: Housing affordability action – or just more busy work? (UNSW Blogs 31-10-19)

The Australian Government has this week revealed the policy details for the First Home Loan Deposit Scheme (FHLDS). From 1 January qualifying first home buyers (FHBs) become eligible for a government guarantee that will enable them to access a mortgage … Continue reading

Posted in Economy, Housing | 3 Comments

JOHN KERIN. Dairy markets and regulation?.

 The dairy industry has been subject to plenty of government enquiries and more are in train,but is anything going to come of them?

Posted in Economy, Infrastructure | 2 Comments

NOEL TURNBULL. The productiivity paradox solution – it’s business wot dunnit

In the age of secular stagnation – although the age’s dawn has not yet dawned on the Australian government – one of the central economic questions is: what has caused productivity growth to decline? As far back as 1987, Robert … Continue reading

Posted in Economy | 1 Comment

TIM COSTELLO. Crown- a private company masquerading as a public one that is above the law?

The annual Crown Resorts AGM last week should have been a moment for admission to shareholders by the Board that they were in trouble and a moment to reassure investors that they had strategies to address a burning platform. Instead, they … Continue reading

Posted in Economy, Infrastructure | 2 Comments

RANDALL HEYN-LAMB. Episcopal Church officially bars investments in companies benefitting from the Israeli occupation (Mondoweiss 24-10-19)

This week, the Executive Council of the Episcopal Church adopted a human rights investment screen related to Israel and Palestine and will sell its holdings in Motorola Solutions, Caterpillar, Inc., and the Israel Discount Bank.

Posted in Economy, International Affairs, Religion and Faith | Comments Off on RANDALL HEYN-LAMB. Episcopal Church officially bars investments in companies benefitting from the Israeli occupation (Mondoweiss 24-10-19)

CAMERON LECKIE. Government Myopia and Liquid Fuel (In)security

Without water we humans die within days. Without oil our society, as currently organised, will follow a similar path. Given the obvious importance of liquid fuels to society, a realistic appraisal of future availability is essential. Unfortunately the Department of … Continue reading

Posted in Economy | 2 Comments

JOHN MENADUE. We should stop pretending that the Coalition is a good economic or business manager

The Coalition, supported by our corporate media and billionaires like Gina Rinehart and Clive Palmer, claims that it is the superior manager. This claim has become part of the public mindset. But the evidence shows that the Coalition is a … Continue reading

Posted in Economy, Politics | 2 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | 2 Comments

MICHAEL KEATING. The Increasing Divergence between Income and Wealth

Although economic growth, inflation and nominal incomes have all been sluggish for the last several years, asset prices have increased substantially. One consequence of this much faster rate of increase in asset prices than incomes is that wealth, rather than … Continue reading

Posted in Economy | 2 Comments

MICHAEL KEATING. The Future of Monetary Policy

For the last forty years or more, economic orthodoxy has assigned the principal responsibility for macroeconomic demand management in the advanced economies to monetary policy. In recent years, however, inflation targets have been under-shot and incomes have continued to stagnate, … Continue reading

Posted in Economy | Comments Off on MICHAEL KEATING. The Future of Monetary Policy

MICHAEL KEATING. What’s Wrong with The Economy?

The headline economic news this week is that the IMF has revised down its forecast for the Australian economy. That should not have come as a surprise; it has been obvious for a few years that the Australian economy is … Continue reading

Posted in Economy | 12 Comments

HAROLD LEVIEN. Our economic downturn

The Government has failed to respond to Australia’s continuing economic downturn despite both increasing unemployment last measured at 720,000 and underemployment of 1.14 million.

Posted in Economy | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Regulation and deregulation

To those who are frustrated by petty restrictions getting in the way of their plans, the term “deregulation” has appeal, but it makes no sense, and can be economically irresponsible, to consider markets in terms of more or less regulation. … Continue reading

Posted in Economy | Tagged , , , | 2 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy, Politics | Tagged , , , , , | 3 Comments

ROSS GITTINS. Viking economics: How Nordic nations debunk a Scott Morrison mantra (SMH 9.10.2019)

I’d like to tell you I’ve been away working hard on a study tour of the Nordic economies – or perhaps tracing the remnant economic impact of the Hanseatic League (look it up) – but the truth is we were … Continue reading

Posted in Economy, Politics | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Society, Economy and Environment

Policymakers and journalists generally talk about “society”, “the economy” and “the environment” as if they are separate entities, implying a tradeoff of objectives. Such a classification leads to poor policy and promotes unnecessary division.

Posted in Economy | 7 Comments

MICHAEL KEATING The Fiscal Outlook: Is the projected Budget surplus sustainable and should it be? Part 2

With a stagnant economy, there are strong arguments for a fiscal stimulus package that would almost certainly postpone the return to Budget surplus for a couple of years. But what of the longer term? This article uses the Medium Term … Continue reading

Posted in Economy, Politics | 1 Comment

MICHAEL KEATING. Economic Update Part 1

The recent release of the National Accounts data confirms that the Australian economy is stuck in secular economic stagnation. This article argues that current policies are unlikely to restore economic growth sufficiently to allow Australia to realise its economic potential. … Continue reading

Posted in Economy, Politics | 2 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

Posted in Economy | Comments Off on SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

DANIEL BRAMMALL. The financial advice changes nobody is talking about

 The long-suffering consumer of financial services has plenty to be pleased about thanks to sweeping industry reforms. The initiatives mark the end of a gravy train culture and a renaissance in genuinely independent financial advice. They are reforms, however, of … Continue reading

Posted in Economy, Politics | 1 Comment

IAN McAULEY. Reclaiming the ideas of economics: Jobs and Growth

Not all growth improves our wellbeing; not every job is a useful job. We should not confuse economic indicators, encapsulated in slogans, with meaningful economic outcomes.

Posted in Economy | Tagged , , | 2 Comments

IAN McAULEY. Reclaiming the ideas of economics: Aspiration

“Aspiration” used to mean something more noble than greed.  We need to claim it back.

Posted in Economy | Tagged , , | 6 Comments

KIM WINGEREI. The Curious Case of a Telco Merger Opposed

On one side of the courtroom: TPG, a consumer-oriented telco grown large on acquisitions and minimalist customer service, run by a reclusive billionaire. Next to them is Vodafone, a mobile carrier with a global brand, the perennial number three in … Continue reading

Posted in Economy | 4 Comments

TONY SMITH. CEO remuneration and socio-economic decline

Superannuation investors are keenly interested in income distribution patterns. They also monitor the ethics of companies in which they might invest. Recently they published a report of research into the Australian Stock Exchange’s top 100 Chief Executive Officers. The report … Continue reading

Posted in Economy | 5 Comments